Covia (NASDAQ:CVIA) Earns Market Perform Rating from Analysts at Wells Fargo & Co

Wells Fargo & Co started coverage on shares of Covia (NASDAQ:CVIA) in a research note released on Friday, September 14th, Marketbeat Ratings reports. The firm issued a market perform rating and a $11.00 target price on the stock.

Other equities research analysts have also issued reports about the company. Seaport Global Securities restated a buy rating on shares of Covia in a report on Thursday, August 30th. Jefferies Financial Group reiterated a buy rating and set a $15.00 price target on shares of Covia in a report on Friday, August 17th. KeyCorp reiterated a buy rating and set a $21.00 price target on shares of Covia in a report on Thursday, August 16th. Piper Jaffray Companies began coverage on Covia in a report on Monday, June 18th. They set an overweight rating and a $24.00 price target for the company. Finally, Johnson Rice cut Covia from an accumulate rating to a hold rating in a research report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $15.00.

CVIA traded down $0.21 during trading on Friday, reaching $9.24. The company had a trading volume of 453,555 shares, compared to its average volume of 536,856. Covia has a 12-month low of $8.34 and a 12-month high of $30.00.

Covia (NASDAQ:CVIA) last released its earnings results on Tuesday, August 14th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.62). The business had revenue of $508.42 million during the quarter, compared to the consensus estimate of $595.59 million. Covia’s quarterly revenue was up 56.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share.

Hedge funds have recently made changes to their positions in the company. Sterling Investment Advisors Ltd. bought a new stake in shares of Covia during the second quarter worth $111,000. Cubist Systematic Strategies LLC acquired a new position in shares of Covia during the second quarter valued at $117,000. Russell Investments Group Ltd. acquired a new position in shares of Covia during the second quarter valued at $158,000. WealthTrust Fairport LLC acquired a new position in shares of Covia during the second quarter valued at $164,000. Finally, Strs Ohio acquired a new position in shares of Covia during the second quarter valued at $168,000.

Covia Company Profile

There is no company description available for Covia Holdings Corp.

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Analyst Recommendations for Covia (NASDAQ:CVIA)

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